10 Best Car Insurance Companies for Porsches in 2024 (Top Providers Ranked)
USAA, Allstate, and State Farm are the best car insurance companies for Porsches, offering comprehensive coverage options. Rates for Porsche auto insurance start at around $134/month, though costs may vary depending on your specific Porsche model. Compare quotes today to find the cheapest Porsche car insurance.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
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UPDATED: Sep 12, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Sep 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Full Coverage for Porsche
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Full Coverage for Porsche
A.M. Best Rating
Complaint Level
Pros & Cons
USAA, Allstate, and State Farm are the best car insurance companies for Porsches, offering reliable coverage options starting at just $134 per month.
Owning a Porsche may lead to higher insurance rates due to its luxury status, but many companies offer competitive rates that vary by model and year.
Company | Rank | Safe Driving Discount | A.M. Best | Best For | Jump to Pros/Cons |
---|---|---|---|---|---|
#1 | 9% | A++ | Military Savings | USAA | |
#2 | 10% | A+ | UBI Discount | Allstate | |
#3 | 11% | B | Student Savings | State Farm | |
#4 | 14% | A++ | Bundling Policies | Travelers | |
#5 | 13% | A | Multi-Policy Discounts | Liberty Mutual | |
#6 | 11% | A++ | Online Convenience | Geico | |
#7 | 9% | A | Discount Availability | American Family | |
#8 | 8% | A+ | Roadside Assistance | Progressive | |
#9 | 12% | A | Safe-Driving Discounts | Farmers | |
#10 | 12% | A+ | Vanishing Deductible | Nationwide |
Auto insurance rates can vary by up to $2,000 on your Porsche, depending on the type of Porsche you drive and what kind of coverage you’re looking for. For example, Porsche 911 Turbo car insurance quotes may vary significantly from a Porsche Cayenne.
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The best way to find the best car insurance companies for Porsches is to compare quotes from multiple providers in your area. Enter your ZIP code to start.
- Minimum coverage for a Porsche averages about $134/ month
- Porsche insurance rates can vary by up to $2,000 by model
- If you own a Porsche, consider full coverage policy
#1 – USAA: Top Overall Pick
Pros
- Military Savings: USAA offers exclusive discounts for military members, making it one of the best car insurance companies for Porsches. This can be highly beneficial for those in the armed forces.
- Comprehensive Coverage Options: As a top choice for Porsches, USAA provides extensive coverage, including specialized protection for luxury vehicles, ensuring thorough risk management.
- Excellent Customer Service: USAA is highly rated for customer service among the best car insurance companies for Porsches, offering exceptional support and reliability.
Cons
- Exclusively for Military Members: USAA is limited to military families, so not all Porsche owners can access their top-notch offerings. Learn more through our USAA insurance review.
- Limited Availability: USAA’s coverage isn’t available in all states, which may prevent some Porsche owners from enjoying their excellent insurance options.
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#2 – Allstate: Best for UBI Discount
Pros
- UBI Discount: Allstate offers a usage-based insurance (UBI) discount, rewarding safe Porsche drivers with lower premiums.
- Strong Financial Ratings: Allstate’s A+ A.M. Best rating ensures reliable coverage, making it one of the best car insurance companies for Porsches.
- Flexible Payment Options: Porsche owners benefit from various payment plans, adding convenience to managing premiums with Allstate. Visit our full article, “Allstate Insurance Review,” for more information on payment choices.
Cons
- Higher Premiums: Some Porsche drivers may face higher premiums compared to other top insurers, especially with less-than-perfect records.
- Mixed Customer Reviews: Allstate has received mixed feedback on customer service, affecting its reputation among Porsche owners.
#3 – State Farm: Best for Student Savings
Pros
- Student Discounts: State Farm offers discounts for students, making it one of the best car insurance companies for Porsches for families with younger drivers. This helps lower costs for Porsche owners with student drivers. Uncover more by reviewing our article entitled “State Farm Insurance Review.”
- Nationwide Availability: State Farm is available across the U.S., making it a convenient option for Porsche owners seeking coverage from one of the best car insurance companies for Porsches.
- Affordable Rates for Certain Models: State Farm offers competitive rates for various Porsche models, adding to its status as one of the best car insurance companies for Porsches.
Cons
- Less Comprehensive Discounts: Compared to other best car insurance companies for Porsches, State Farm may offer fewer specialized discounts. This could limit potential savings.
- Customer Service Variability: Customer experiences with State Farm’s service can vary, potentially affecting its ranking among the best car insurance companies for Porsches.
#4 – Travelers: Best for Bundling Policies
Pros
- Bundling Discounts: Travelers provides notable savings when bundling auto with other policies, making it a top choice among the best car insurance companies for Porsches. This approach often leads to significant overall savings.
- High A.M. Best Rating: With an A++ rating, Travelers is recognized as one of the best car insurance companies for Porsches, reflecting its strong financial stability and reliable coverage, as stated in our Travelers insurance review.
- Strong Customer Satisfaction: Known for high customer satisfaction, Travelers stands out as one of the best car insurance companies for Porsches in terms of service quality.
Cons
- Higher Premiums for Some Models: Travelers’ premiums can be higher for certain Porsche models, which might affect affordability compared to other best car insurance companies for Porsches.
- Limited Local Agents: Some areas may have limited access to Travelers’ local agents, impacting customer service and convenience for Porsche owners.
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#5 – Liberty Mutual: Best for Multi-Policy Discounts
Pros
- Multi-Policy Discounts: Liberty Mutual offers substantial savings for bundling auto with other policies, benefiting Porsche owners with diverse insurance needs.
- Strong Financial Ratings: With an A rating from A.M. Best, Liberty Mutual provides reliable coverage, enhancing its reputation among the best car insurance companies for Porsches.
- Safe Driving Discounts: Discounts for safe driving can lower premiums for Porsche owners, boosting Liberty Mutual’s standing as one of the best car insurance companies for Porsches.
Cons
- Higher Premiums for Younger Drivers: Rates can be higher for younger drivers, which may be less favorable compared to other top car insurance companies for Porsches.
- Mixed Claims Experience: Some customers have reported varied experiences with claims processing, potentially impacting Liberty Mutual’s ranking among the best car insurance companies for Porsches. Gain further insights through our Liberty Mutual insurance review.
#6 – Geico: Best for Online Convenience
Pros
- Online Convenience: Geico’s user-friendly online platform makes it a top choice among the best car insurance companies for Porsches, offering easy management of policies.
- Competitive Rates: Geico offers competitive rates for Porsche insurance, positioning it as one of the best car insurance companies for Porsches in terms of affordability.
- Strong Financial Ratings: With an A++ rating from A.M. Best, Geico is considered one of the best car insurance companies for Porsches, ensuring financial reliability and stability.
Cons
- Limited Coverage Options: Geico may offer fewer specialized coverage options for high-value vehicles, which could be a limitation compared to other best car insurance companies for Porsches. Explore more about this through our Geico insurance review.
- Customer Service Issues: Some customers report issues with Geico’s customer service, which could affect its ranking among the best car insurance companies for Porsches.
#7 – American Family: Best for Discount Availability
Pros
- Discount Availability: American Family offers various discounts for Porsche owners, enhancing affordability and making it one of the best car insurance companies for Porsches.
- Strong A.M. Best Rating: With an A rating from A.M. Best, American Family provides reliable and financially stable coverage for Porsche owners.
- Comprehensive Customer Support: Known for excellent customer service, American Family is a top choice for Porsche owners needing quality assistance. Delve deeper with our American Family insurance review.
Cons
- Higher Premiums for High-Risk Drivers: Premiums may be higher for those with a history of claims or poor credit, impacting affordability for some Porsche owners.
- Limited National Availability: Coverage may not be available in all states, restricting options for some Porsche owners.
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#8 – Progressive: Best for Roadside Assistance
Pros
- Roadside Assistance: Progressive offers comprehensive roadside assistance, making it one of the best car insurance companies for Porsches, adding valuable protection to your policy. Read more through our Progressive insurance review.
- Flexible Coverage Options: Provides a variety of flexible coverage options specifically designed for high-value vehicles like Porsches, enhancing its reputation among the best car insurance companies for Porsches.
- Strong A.M. Best Rating: With an A+ rating from A.M. Best, Progressive is recognized for its financial stability, reinforcing its position as one of the best car insurance companies for Porsches.
Cons
- Limited Discounts for High-Risk Drivers: Fewer discounts are available for high-risk drivers, which could be a drawback compared to other top car insurance companies for Porsches.
- Customer Service Variability: Some users report inconsistent customer service experiences with Progressive, which may affect its standing among the best car insurance companies for Porsches.
#9 – Farmers: Best for Safe-Driving Discounts
Pros
- Safe-Driving Discounts: Farmers offer discounts for safe driving, which benefits Porsche owners with a clean record. This makes Farmers one of the best car insurance companies for Porsches for cost-saving opportunities.
- Comprehensive Coverage Options: As discussed in our Farmers insurance review, tailored coverage for high-value vehicles ensures Porsche owners get specialized protection. This contributes to its ranking as one of the best car insurance companies for Porsches.
- Multi-Policy Discounts: Savings for bundling multiple policies benefit Porsche owners needing various insurance types. This feature is notable among the best car insurance companies for Porsches.
Cons
- Higher Premiums for Certain Models: Farmers’ premiums can be higher for specific Porsche models, affecting affordability compared to other best car insurance companies for Porsches.
- Limited Availability in Some Areas: Farmers may not be available in all regions, limiting options for Porsche owners seeking coverage from the best car insurance companies for Porsches.
#10 – Nationwide: Best for Vanishing Deductible
Pros
- Vanishing Deductible: Nationwide’s vanishing deductible program lowers your deductible over time. This feature is valuable for Porsche owners seeking savings and enhances its status as one of the best car insurance companies for Porsches.
- Competitive Rates: Nationwide offers competitive rates for Porsche owners, making it a strong contender among the best car insurance companies for Porsches. This affordability is a key advantage.
- Strong A.M. Best Rating: With an A+ rating from A.M. Best, Nationwide offers robust financial stability, making it a reliable option among the best car insurance companies for Porsches.
Cons
- Higher Premiums for High-Risk Drivers: Premiums can be higher for drivers with a history of claims or poor credit, affecting affordability compared to other top car insurance companies for Porsches.
- Customer Service Inconsistencies: Some customers experience inconsistencies with Nationwide’s customer service, which can impact its ranking among the best car insurance companies for Porsches. See our article on “Nationwide Insurance Review” for more information.
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The Model Affects Porsche Car Insurance
Each Porsche model comes with an average rate for various types of car insurance coverage. Typically, this is because different models cost more or less to repair or replace if damaged or totaled.
Insurance Company | Minimum Coverage | Full Coverage |
---|---|---|
Allstate | $153 | $292 |
American Family | $148 | $286 |
Farmers | $162 | $311 |
Geico | $143 | $279 |
Liberty Mutual | $152 | $294 |
Nationwide | $149 | $287 |
Progressive | $147 | $283 |
State Farm | $158 | $303 |
Travelers | $163 | $314 |
USAA | $134 | $270 |
Therefore, if you drive a Porsche that costs more, you can assume the insurance cost will also be on the high end. For example, the average cost of auto insurance for a 911 Carrera is $323 each month, while an auto insurance policy for a 911 Turbo S is around $373 each month.
If you drive a Porsche with a lower MSRP or one that takes longer to get from 0 to 60, your insurance costs will likely be lower. You must consider other factors impacting your Porsche auto insurance rates, like age, gender, credit score, driving history, and more.
Insurance Companies Charge Different Rates for Porsche Car Insurance
Companies charge different rates based on your unique factors. For example, some companies may pay more attention to your credit score, while others are more concerned with your driving history.
It’s important to compare auto insurance rates from multiple companies to get a clearer picture of which will provide you with the coverage you need, including liability car insurance coverage, comprehensive car insurance coverage, and collision car insurance coverage, among others, at a reasonable price.
On average, Farm Bureau offers the cheapest coverage rates for a Porsche. Full coverage with Farm Bureau costs around $138 per month on average. On the other hand, rates with Geico are around $364 per month.
Because rates with Geico are about 31% higher than average with other companies, comparing before committing to an auto insurance policy with any company is important.
Check out the Farm Bureau auto insurance review to determine if it’s a suitable choice for you. Begin comparing quotes by entering your ZIP code below to receive car insurance quotes all in one place.
Porsche 718 Boxster Car Insurance
On average, full coverage Porsche 718 Boxster car insurance rates are $3,024 annually or $252 per month for a 30-year-old man. A 45-year-old man will pay $2,801 annually or $233 each month.
State Farm offers the cheapest auto insurance coverage on average if you drive a Porsche Boxster. You’ll pay around $140 per month for full coverage on your Porsche Boxster with State Farm. Read our State Farm auto insurance review to learn whether the company would meet your auto insurance needs.
Car Insurance for a Porsche 718 Cayman
Porsche 718 Cayman car insurance rates are around $3,001 annually or $250 per month on average.
Farm Bureau offers the cheapest 718 Cayman rates. If you purchase coverage with Farm Bureau, you’ll pay around $1,835 annually or $153 each month. Rates with Geico are the most expensive. You’ll spend $340 monthly on coverage for your 718 Cayman with Geico.
Car Insurance for the Porsche 718 Spyder
Coverage for a Porsche 718 Spyder is $3,621 annually or $302 per month on average for a 30-year-old driver. Coverage for the Spyder may vary significantly based on the year.
Rates with Farm Bureau are the cheapest for Porsche 718 Spyder auto insurance. With Farm Bureau, you’ll pay around $1,312 annually or $109 per month on coverage. However, rates with State Farm are significantly higher. With State Farm, you’ll pay $6,028 per year or $502 each month.
Car Insurance for a Porsche 911 Turbo S
On average, you’ll pay $4,475 annually or $373 per month for a full coverage policy on your Porsche 911 Turbo S.
Once again, Farm Bureau rates for a Porsche 911 Turbo S are the cheapest at $1,859 per year or $155 monthly on average.
Car Insurance for a Porsche 911 Carrera
In many cases, the Porsche 911 Carrera is the second most expensive Porsche to insure. You’ll pay around $4,021 annually or $335 each month for auto insurance on your 911 Carrera if you’re 30 years old.
Farm Bureau once again offers the cheapest coverage options for a Carrera. With Farm Bureau, you’ll pay around $1,805 annually or $150 per month.
Porsche Cayenne Car Insurance
The average insurance rate for a Porsche Cayenne is $2,790 per year or $233 every month if you buy a full coverage policy.
Porsche Cayenne insurance costs around $1,687 annually or $141 per month for full coverage with Farm Bureau.
Car Insurance for a Porsche Macan
If you drive a Porsche Macan, you’ll pay around $2,363 per year or $197 each month if you’re a 30-year-old driver.
Rates with State Farm are the lowest on average for a Macan. With State Farm, Porsche Macan car insurance costs around $1,728 annually or $144 per month for a full coverage policy.
Car Insurance for a Porsche Panamera
If you’re a 30-year-old driver, you’ll pay $3,786 annually or $316 monthly for Porsche Panamera car insurance.
Farm Bureau offers the most affordable Porsche Panamera auto insurance rates. Porsche Panamera insurance costs around $1,815 annually or $151 per month for a full coverage policy with Farm Bureau.
Car Insurance for a Porsche Taycan Turbo
The average cost for a full coverage policy on a Porsche Taycan Turbo is around $3,468 annually or $289 per month if you’re 30 years old.
With Farm Bureau, you can get full coverage rates on your Taycan Turbo for as low as $1,053 annually or $88 each month.
Start comparing quotes by entering your ZIP code below to get all your car insurance options in one place.
Getting Car Insurance Directly From Porsche
Porsche sells individual auto insurance policies, though policies are currently only available in five states in the U.S.
With a Porsche auto insurance policy, shops will repair your vehicle with original manufacturer parts. A Porsche auto insurance policy allows you to purchase additional coverage for any custom parts or accessories you want to be included in your policy.
Check with Porsche if you’re interested in purchasing auto insurance through the company to learn whether it’s an option in your area.
Read more: How to Get Car Insurance: An Expert Guide
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Finding Cheap Porsche Car Insurance
If you drive a Porsche, it’s crucial to consider investing in full coverage auto insurance to ensure you have adequate protection.
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To secure the most affordable and suitable coverage for your Porsche, you should obtain and compare quotes from multiple auto insurance companies. This process will help you identify the best coverage options tailored to your needs and ensure you don’t end up overpaying for your auto insurance.
By evaluating quotes from various providers, you can find a policy that offers comprehensive protection at a competitive rate. Enter your ZIP code below to get all your car insurance quotes in one spot.
Frequently Asked Questions
How much is auto insurance for a Porsche 911?
If you drive a 911 Carrera, you’ll pay around $323 per month for auto insurance. On average, coverage for a 911 Turbo S costs around $373 per month.
How much is auto insurance for a Porsche Boxster?
Full coverage for a Porsche Boxster costs around $2,902 annually or $242 per month on average. This rate can vary based on factors such as your driving history, location, and specific Porsche model.
For the most accurate quote tailored to your situation, enter your ZIP code to compare insurance options from multiple providers and find the best rate for your Boxster.
Which Porsche models have the highest car insurance rates?
Generally, Porsche models with higher horsepower and higher price tags will have higher car insurance rates. Some of the models that may have higher rates include the Porsche 911, 918 Spyder, and Cayenne Turbo.
Read more: How to Lower Your Car Insurance Premiums
How can I save money on Porsche car insurance?
Some ways to save money on Porsche car insurance include shopping around for quotes from different insurance companies, maintaining a clean driving record, choosing a higher deductible, and bundling car insurance with other types of insurance, such as homeowners insurance.
What type of coverage do I need for my Porsche?
The type of coverage you need for your Porsche will depend on your circumstances and preferences. At a minimum, you will need liability coverage to meet your state’s insurance requirements. Other types of coverage to consider include collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage.
Enter your ZIP code to compare insurance options from multiple providers.
Where can I find the best Porsche car insurance quotes?
To obtain the best Porsche insurance, it’s a good idea to find and compare car insurance quotes from different insurance companies. You can also work with an independent insurance agent who can help you find the best coverage and rates for your Porsche.
What are the benefits of Farmers’ safe-driving discounts for Porsche owners?
Farmers’ safe-driving discounts reward Porsche owners with reduced premiums for maintaining a clean driving record. This can make Farmers an affordable option among the best car insurance companies for Porsches.
Why might Farmers’ premiums be higher for certain Porsche models?
Farmers’ premiums can be higher for specific Porsche models due to their higher repair or replacement costs. This could affect affordability compared to other best car insurance companies for Porsches.
Enter your ZIP code to compare insurance options from multiple providers
What A.M. Best rating does Nationwide have, and how does it impact its reliability?
Nationwide holds an A+ rating from A.M. Best, indicating strong financial stability and reliability. This high rating contributes to its reputation as one of the best car insurance companies for Porsches.
Which car insurance company offers the best coverage for high-value vehicles like Porsches?
Nationwide and Farmers are known for providing comprehensive coverage options tailored to high-value vehicles like Porsches. Their specialized protection makes them top choices among the best car insurance companies for Porsches.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.